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First Trust Smith Unconstrained Bond ETF

115 hedge funds and large institutions have $643M invested in First Trust Smith Unconstrained Bond ETF in 2021 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 52 increasing their positions, 21 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

967% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 3

148% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 21

75% more funds holding in top 10

Funds holding in top 10: 47 (+3)

37% more capital invested

Capital invested by funds: $469M → $643M (+$175M)

31% more funds holding

Funds holding: 88115 (+27)

5.83% more ownership

Funds ownership: 73.16%78.98% (+5.8%)

Holders
115
Holders Change
+27
Holders Change %
+30.68%
% of All Funds
1.77%
Holding in Top 10
7
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+75%
% of All Funds
0.11%
New
32
Increased
52
Reduced
21
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$91M +$52.1M +1,970,830 +133%
LPL Financial
2
LPL Financial
California
$79.2M +$15.8M +596,813 +25%
First Trust Advisors
3
First Trust Advisors
Illinois
$50.4M +$31.8M +1,202,924 +170%
Bank of America
4
Bank of America
North Carolina
$30.6M +$13.9M +525,019 +83%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$26.9M +$276K +10,442 +1%
HI
6
Harbour Investments
Wisconsin
$23.5M +$152K +5,749 +0.6%
DWM
7
Darwin Wealth Management
Florida
$21.3M -$1.44M -54,371 -6%
HighTower Advisors
8
HighTower Advisors
Illinois
$21M +$465K +17,608 +2%
Envestnet Asset Management
9
Envestnet Asset Management
Illinois
$18.6M +$7.08M +268,066 +62%
JWM
10
Janiczek Wealth Management
Colorado
$16.9M +$1.17M +44,216 +7%
Cambridge Investment Research Advisors
11
Cambridge Investment Research Advisors
Iowa
$12.3M +$410K +15,498 +3%
Stifel Financial
12
Stifel Financial
Missouri
$11.6M +$1.21M +45,959 +12%
CFD
13
Creative Financial Designs
Indiana
$11.5M +$354K +13,390 +3%
UBS Group
14
UBS Group
Switzerland
$10.4M +$4.23M +159,958 +68%
HSA
15
HBK Sorce Advisory
Pennsylvania
$9.88M +$62.2K +2,354 +0.6%
PAG
16
Private Advisor Group
New Jersey
$9.58M +$804K +30,436 +9%
PGWM
17
Pitti Group Wealth Management
New York
$9.22M +$9.24M +349,595 New
AWM
18
AE Wealth Management
Kansas
$8.74M -$3.72M -140,908 -30%
SI
19
Stephens Inc
Arkansas
$8.53M +$8.55M +323,456 New
Osaic Holdings
20
Osaic Holdings
Arizona
$8.27M +$2.68M +101,580 +48%
RA
21
RiverTree Advisors
Florida
$8.22M +$8.24M +311,741 New
SMF
22
Sterling Manor Financial
New York
$7.29M +$984K +37,231 +16%
Janney Montgomery Scott
23
Janney Montgomery Scott
Pennsylvania
$7.25M +$225K +8,517 +3%
RCAG
24
Rehmann Capital Advisory Group
Michigan
$7.12M -$480K -18,146 -6%
NCM
25
Northwest Capital Management
Oregon
$6.2M -$2.94M -111,111 -32%

UCON Hedge Fund Activity: Q4 2021 in Review

115 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q4 2021, worth a combined $643M — up 37% from $469M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new UCON positions and 3 closed out — a net gain of 29 holders — while 52 added to existing stakes and 21 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $52.1M. The largest seller was AE Wealth Management, cutting an estimated $3.72M.

  • 115 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q4 2021, up from 88 in Q3 2021.
  • Funds reported $643M of First Trust Smith Unconstrained Bond ETF stock for Q4 2021, up 37% quarter-over-quarter.
  • 32 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q4 2021 and 3 closed out, a net change of +29 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q4 2021 was Morgan Stanley, an estimated $52.1M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q4 2021 was AE Wealth Management, an estimated $3.72M sold.

Based on aggregated 13F filings for Q4 2021.